Howland Capital Management LLC Has $39.53 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Howland Capital Management LLC reduced its stake in Kinsale Capital Group by 11.0%, now holding 81,213 shares and making up 1.8% of its investment portfolio.
• Kinsale Capital recently reported an EPS of $4.78, exceeding the consensus estimate of $4.41, with a quarterly revenue of $458.70 million, up 22.2% year-over-year.
• The company's stock has seen significant analyst activity, with multiple upgrades and price target increases, now averaging around $506.44.

Howland Capital Management LLC lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,213 shares of the financial services provider's stock after selling 10,002 shares during the quarter. Kinsale Capital Group makes up 1.8% of Howland Capital Management LLC's investment portfolio, making the stock its 16th largest holding. Howland Capital Management LLC owned about 0.35% of Kinsale Capital Group worth $39,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KNSL. Key Financial Inc lifted its holdings in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after purchasing an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $31,000. NBC Securities Inc. bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $35,000. von Borstel & Associates Inc. bought a new stake in Kinsale Capital Group in the first quarter valued at $42,000. Finally, Anderson Financial Strategies LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Morgan Stanley boosted their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Truist Financial boosted their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Compass Point boosted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $506.44.

Kinsale Capital Group Stock Down 0.0%

Shares of NYSE:KNSL traded down $0.17 during mid-day trading on Monday, reaching $444.33. 35,944 shares of the stock were exchanged, compared to its average volume of 208,139. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market cap of $10.36 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.65 and a beta of 1.12. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The stock's 50 day simple moving average is $472.48 and its 200-day simple moving average is $462.73.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. Kinsale Capital Group's quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the company earned $3.75 earnings per share. As a group, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a $0.17 dividend. This represents a yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president directly owned 6,646 shares of the company's stock, valued at $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by corporate insiders.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.